Burger King IPO news today: Share price soars over 120%, investor’s money more than doubles on listing day

Burger King IPO news today: Share price soars over 120%, investor’s money more than doubles on listing day


 

Burger King share Price: Burger King India IPO listing happened at Rs 112.5 against issue price of Rs 60 today. On debut in morning, Burger King share price gained just short of 100%. However, the interest in Burger King was so much that share price raced past that figure in quick time. Many fund houses have shown tremendous interest in Burger King share and good buying has emerged in the stock after listing.

Currently, Burger King market cap is over Rs 5100 cr. Retail Investors who might have got minimum allotment during Burger King IPO, would be glad as on an investment of Rs 15000 they are getting returns of over 120% currently, which indicates that at current market price of Rs 133, they are making Rs 18000 profit. All in all, Burger King share price has been a joy to watch for those who invested in it.

Voicing his view on Burger King IPO listing today, Zee Business Managing Editor Anil Singhvi said that short term investors can keep stop loss of Rs 100 on the share price. Long term investors, the Market Guru said, can hold on to the Burger King stock. As informed by Anil Singhvi, the stock was listed in the range of Rs 110 to Rs 120. 
 
That Burger King share price was going to rise was clear from the fact that, ahead of listing, its IPO was oversubscribed by nearly 157 times. The retail individual investors segment of the Burger King IPO was subscribed over 68 times. This indicates the confidence retail investors have on the future prospects of Burger King and they feel that the company is fairly priced at current levels to give them decent returns on the listing day. The Burger King IPO portion meant for qualified institutional buyers (QIBs) was subscribed close to 87 times and non-institutional investors 354 times. The Burger King IPO included a fresh issue of shares worth Rs 450 cr. 
 
Burger King India Limited is one of the fastest-growing international QSR chains in India during the first five years of its operations based on the number of restaurants.  
 
The Burger King IPO Price band of the issue was Rs 59 – Rs 60. Bid lot of the issue will be 250 shares and the multiple thereof. The size of the issue was Rs 810 cr. 

As the national master franchisee of the Burger King brand in India, the company has exclusive rights to develop, establish, operate and franchise Burger King branded restaurants in India. The company’s master franchisee arrangement provides them with the ability to use Burger King’s globally recognized brand name to grow its business in India while leveraging the technical, marketing and operational expertise associated with the global Burger King brand. 





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